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“Unrelated Third Parly’* means an individual or entity that is not (i) an <br />individual (“Related Individual ”) who is an owner or officer ofTenanl <br />or a Related Company, (ii) any subsidiaiy^ or parent of Tenant (each of <br />which is a “Related Company”), or (iii) a general partnership, limited <br />partnership or limited liability partnership (“Related Partnerships ”) <br />Partnership ”) in which a Related Individual or Related Company is a <br />partner, or (iv) a corporation or limited liability corporation in which a <br />Related Individual, Related Company or Related Partnership is an <br />ow ner, shareholder, officer, member or manager. <br />1.2 l-xhibiis . The following c.xhibils are attached to and by this <br />reference made a part of this Lease: <br />(1) “Exhibit A” - Legal Description of the Development Property <br />(2) “Exhibit B” - Permitted Encumbrances <br />ARTICLE 2 <br />LEASE AND TERM <br />2.1 Grant. Upon the terms and conditions of th»s Lease, Landlord demises <br />and leases the Development Property to Tenant and Tenant leases and accepts the <br />Development Property from Landlord subject to the Permitted Encumbrances. <br />2.2 Covenants. Landlord covenants to obsen e and perform all of the <br />covenants and conditions to be obscr> cd and performed by Landlord under this Lease. <br />Tenant covenants to pay the Rent when due under this Lease and to observe and <br />perform all of the terms and conditions and covenants to be observ ed and performed <br />by Tenant under this Lease. <br />2.3 Quiet Eniovment. Landlord covenants that Tenant, on paying the Rent, <br />shall peacefullv have, hold and enjoy the Development Property subject to the terms <br />of this Lease, subject only to the Permitted Encumbrances. <br />2.4 Term. The term of this Lease commences on the Commencement Date <br />and expires at 11:59 p.m. on the Termination Date, unless terminated earlier as <br />provided in this Lease. <br />2.5 Purchase of Development Property. On the Termination Date, if there <br />is no uncured Event of Default by Tenant under this Lcnise at the lime of exercise. <br />Tenant may purchase the Landlord’s entire interest in the Development Property on <br />the follow ing conditions: